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Report: Bucks agree to one-year, $2.3 million contract with Jason Terry

Milwaukee Bucks v Brooklyn Nets

NEW YORK, NY - DECEMBER 01: Jason Terry #3 of the Milwaukee Bucks in action against the Brooklyn Nets during their game at Barclays Center on December 1, 2016 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Al Bello/Getty Images)

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This was expected after the Bucks waived Spencer Hawes, but now it is all but official.

Jason Terry – who turned 40 on Friday — is returning to the Bucks. Shams Charania of the Vertical at Yahoo Sports broke the story.

Terry played 74 games for the Bucks last season, averaging more than 18 minutes a night, and he can still space the floor as he shot 42 percent from three. At this point in his career, The Jet is limited in other aspects of his game, but he can give the Bucks some veteran depth and points. Milwaukee will start Tony Snell at the two with both Rashad Vaughn and Sterling Brown in the mix next, Terry will fit in that group and contribute.